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Wednesday May 27, 1970
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This Day In 1970's History: Wednesday May 27, 1970
  • Today's 32-point stock market rise may be a fluke; the rally is not solid and may drop back. The scheduled meeting between President Nixon and business leaders was a partial cause of the market's rally. Forty-three business leaders will attend the White House meeting tonight. Most are political backers of the President, who will use the meeting to try to restore business' faith in the economy. [CBS]
  • It was announced that Preisdent Nixon will speak at Billy Graham's Knoxville Crusade in Tennessee. [CBS]
  • Lebanon ordered a crackdown on guerrillas as a strike hit Beirut. Protestors are on strike against Israel and against the lack of government protection against Arab guerrillas. Israel has set up patrols inside the country. Morocco and Algeria will ask the U.S. not to sell jets to Israel. [CBS]
  • American planes bombed North Vietnam under a "protective reaction" policy after five American helicopters were lost in South Vietnam and Cambodia. In Cambodia, six Americans were wounded and one was killed in a hill assault. A major Communist supply depot was captured. [CBS]
  • The Senate Rules Committee ruled that Senator Mark Hatfield's free mailing privilege was misused for sending antiwar letters; he must pay the post office $2,175. [CBS]
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